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Effective Ways to Cancel your Villa Del Arco Timeshare

Effective Ways to Cancel your Villa Del Arco Timeshare

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Effective Ways to Cancel your Villa Del Arco Timeshare

Owning a timeshare is not always as beautiful as it may seem. Notwithstanding where the timeshare resort may be located, the reality of owning a timeshare often comes as a rude shock to many timeshare owners.

There are timeshare owners whose ownership journey started on a good note, and then the negative realizations began to seep in. However, for many timeshare owners, their journey started with a pushy sales presentation into which they were cajoled in the first place.

It is not uncommon to find timeshare sales reps offering free gifts to unsuspecting victims in a bid to get them to attend a long, boring presentation which would typically last more hours than promised. On top of it all, such sales presentations would be riddled with lies and deceit, all with the ultimate intention of getting attendees to sign on the dotted line.

There is no doubt that there are thousands of timeshare owners currently seeking to terminate their timeshare contracts. These terminations mostly result from the burden of timeshare maintenance fees that never stop increasing, in addition to some other hidden fees and unkept promises.

For some timeshare owners, though, their reasons for seeking to get out the contract may pertain to their own health or a change in their travel habits, among other personal circumstances.

Nonetheless, timeshare cancellation has rapidly increased. This is likely because many timeshare developers are notorious for their dishonest practices which ultimately get timeshare owners slipping into buyer’s remorse.

If you own a Villa Del Arco timeshare and you wish to get out of your contract for any reason at all, then rest assured that this article has the answers you need. As a matter of fact, there are different ways through which you can terminate your contract.

Cancelling your Villa Del Arco Timeshare Contract

Generally, the ease with which you can get rid of a timeshare property may depend on how long you’ve owned it. Moreover, longer the timeshare stays with you, the more complicated it gets— and that’s not only in terms of cancelling it, but also in terms of how much money it takes from you.

As such, getting out of your Villa Del Arco timeshare contract may require that a timeshare owner act quickly once he or she decides to terminate the contract. Below are specific ways through which a timeshare may be cancelled.

• Utilize the rescission/cooling off period
The rescission period, otherwise known as “cooling off” period, is a time during which a timeshare owner is legally allowed to terminate a timeshare contract without explanations. Moreover, the timeshare owner gets a full refund of his or her money from the concerned resort.

However, it is important to note that the rescission laws vary from state to state and country to country. While some state laws may allow only up to 3 or 5 days for the chance to exercise this rescission right, some others may allow up to 14 days or even more.

In Mexico, the consumer protection laws afford timeshare owners five business days to cancel their contracts after signing. This simply suggests that, as a Villa Del Arco timeshare owner, you need to act fast if you ever think of rescinding your contract within the stipulated period.

Note that you will have to send a cancellation letter to this effect. With this method, there is no need to give reasons; all you have to do is to make a clear statement of the fact that you want to cancel your timeshare contract within the rescission period. You may check your contract for information regarding what to include in the letter.

We would advise that you send the letter via certified mail. Also, you should note that your rescission rights cannot be waived, and you are entitled to terminating your contract during the stated time without penalty. The resort is expected to refund your money within 15 business days.

Do not listen to the salespeople who might attempt to take you in by saying otherwise. Make sure you don’t use the timeshare at all when you are trying to cancel your timeshare, though—not a even a brief visit is advisable.

If your timeshare developer is unresponsive, then you can file a formal complaint with the consumer protection agency known as PROFECO. Consulting a local attorney may help too. In addition, ensure to have proof that you delivered the cancellation letter.

• Speak to your resort for a deed back
For those who may have already missed the rescission period, contacting your resort developer is the next course of action you can take. You inquire if they have what’s known as a deed back, take back, or any related program, which will allow you to relinquish your timeshare officially.

You should check your Villa Del Arco timeshare contract document for any information regarding this. If they have a related program, then the process will be easier and less costly for you.

You should be careful, though. When you contact your resort, they may be unwilling to allow you cancel your contract, and they may try to get more money from you. You should always be on the alert and be well prepared for conversations with your resort.

• Resell the timeshare on the secondary market
In case you couldn’t use any of the aforementioned ways, then you may take the resale route. This can be done either through a DIY approach or via a third-party resale company or broker.

If you wish to save cost, you can list your timeshare on various advertising platforms. While some of these platforms require that you pay a fee, some others are free. Examples include eBay, Sell My Timeshare Now, Craigslist, Facebook Marketplace, tugbb, RedWeek, and so on.

If you prefer to stay away from the stress of finding a buyer, you can hire a timeshare resale company or broker. With this method, make sure you don’t make an upfront payment, even if the reseller claims to want to use it for advertisement. To avoid getting scammed, you should pay only after the resale has been successful.

Generally, though, reselling a timeshare is a difficult market. This is especially so since timeshares lose almost all their market value immediately after purchase, unlike traditional real estate. A look through some listing websites like eBay reveals that many timeshares are priced at $1, but are still without buyers.

Thus, while we can say that it is possible to resell a timeshare, you should bear in mind how difficult the process can be.

• Get yourself a reliable timeshare exit company
There is no doubting the efficacy of involving a reputable and reliable timeshare exit company in a timeshare cancellation process. It simply makes everything easy, especially if the company you employ is reliable.

What makes timeshare exit companies an effective choice is their use of experienced legal professionals and timeshare experts. In addition to that, they also attend to each client on a case-by-case basis, in that each timeshare situation is handled uniquely and optimally.

Asides using your rescission rights or the deed back option, enlisting the service of a timeshare exit company is a highly recommended means through which you can get rid of your unwanted Villa Del Arco timeshare contract.

However, while we can assure you that hiring a timeshare exit company is an effective option to consider, you should also understand that there are many scammers out there who might take advantage of your situation. Be sure to do your homework and hire a reputable company.

As a general precaution, it is advised that you should never hire a timeshare exit company that requests upfront payments. Even if you choose to do so, the upfront payment should be significantly low.

Ultimately, we always recommend that timeshare owners go for exit companies that make use of escrow payment option. This helps to make sure you don’t lose any money. Your funds are released to the company only after the successful completion of your resort contract’s termination. Otherwise, you have your full money back.

Conclusion

In general, you should keep in mind that your chances of cancelling your Villa Del Arco timeshare contract may get more difficult with every passing day. Consider it a race which favors the swiftest, and act soon. Note also that if you are still within the rescission period, the continued payment of your maintenance fees or mortgage is essential while as you are attempting to cancel your contract